Nov 6, 2012 5:30pm EST
generation is starting to look shaky. this barbershop servers boston's hispanic community, people whose parents came to a land built on immigration and a dream of a better life. >> the economy is very bad for everybody. everybody is waiting for jobs. >> there are some that are optimistic and others that are worried about the future. it is hard out there. a lot of people are homeless. >> the stage is being set free election night in the romney campaign. in a few hours' time, the polls will close an accounting will begin and the cameras will well. a result should be known later this evening. and then the tough business of running a country that is more divided than ever begins. bbc news in boston. >> a nervous night for mitt romney and barack obama. among the states we're looking at, perhaps none are being watched more closely than ohio and florida. if laura trevelyan is in miami. clyde is in cleveland. let's start with you. have aligned and as long there as they have been everywhere else in the country -- have the lines been as long there as they have been everywhere else in the country?
Nov 2, 2012 7:00pm EDT
is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you
Oct 31, 2012 11:00pm EDT
to my former agency i think they absolutely would use them. >> rose: you just went to boston-- or to massachusetts to endorse elizabeth warren. >> yes. >> rose: who at one time thought might head up the consumer protection agency. that was not to be. >> right. >> rose: she wasn't even nominated by the president. >> right, right. >> rose: why did you endorse her? not that you shouldn't have, but why did you? >> she's my friend and i worked with her a lot. well, she was actually an advisory committee i set up at the f.d.i.c., to advicous consumer issues and how to make the banking system more accessible to lower income people. she was a tremendous help in that. and i worked with her when she became the chairman of the congressional oversight panel, nancy pelosi appointment, and we agreed a lot on some of the misuse of tarp funds. and when she became the special adviser to the consumer bureau, i was very supportive of the consumer bureau and tried to make sure the resources of the f.d.i.c. were there early on. we had several years of working together. we don't-- probably on fisc